A combination of poor financial inclusion and growing mobile phone penetration (including smartphones) has made Africa a promising environment for the growth of mobile money and, more broadly, innovation in digital payments services. Partly due to th...

Kenya's communications authority has released its quarterly statistics for the period to the end of December. Although the average minute of use per subscriber also increased above our estimate to c92 minutes/month, we expect the impact on Safaricom’...

The Central Bank of Kenya announced that it will not be extending the regulations allowing restructuring of loans. The end of this allowance was expected, in our view. Central Bank of Kenya estimates NPL ratios to peak at 16% in June 2021, a better o...

According to latest data from the Central Bank of Kenya, banks' NPL ratio increased to 14.5% in February 2021 from 14.1% in December 2020, pointing to expected asset quality weakness for our covered banks, which account for over 60% of total industry...

Safaricom recently rolled out its 5G network in Kenya, after trials and regulatory approvals, making it the first operator to launch commercially in Kenya and only the third in Sub-Saharan Africa – MTN and Vodacom have launched in South Africa. Since...